Plan Ledger DOL Form 5500 · updated monthly

Inner-City Muslim Action Netwo401(k)

INNER-CITY MUSLIM ACTION NETWO 401(K) PROFIT SHARING PLAN & TRUST · CHICAGO, IL · plan year 2022

Reported admin expense ratio · 2022
0.30%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Inner-City Muslim Action Netwo reported $1,779 in plan administrative expenses for 2022: 0.30% of average plan assets, lower than ~75% of peers. Employer contributions averaged $579 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (3,534th of 3,702), and 11,352nd of 11,654 in professional & technical services. In 2022, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$698,877
Participants with balances71
Active participants165
Employer contributions$95,555
Employee contributions$220,267
Employer contribution per active participant$579
Average account balance$9,843
Benefits paid to participants$44,680
Plan auditUnmodified (clean) audit opinion
AuditorJMM CPA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,719
Investment management$60
Total administrative$1,779
The Inner-City Muslim Action Netwo 401(k) match · 2022
Employer contribution per active participant$579
Median for plans this size$331

Inner-City Muslim Action Netwo's 2022 employer contribution ran above the $331 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$1,779 · 0.30%
Same employer
Similar plansProfessional & Technical Services · Illinois
Westerkamp Group, LLC IL$965K · 0.68%
Timedoc, Inc. IL$548K · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364167433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.